Solar Panel Cost Guide in Leominster, MA (2023 Update)
- Leominster Solar Installation Cost: $9,215
- 25-Year Savings: $17,783
- Payback Period: 8.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Leominster
Find out what the average cost of solar panels are in Leominster.
While the national average of solar panels is $2.66 per watt, solar panels in Leominster typically cost about 2.94. The average solar panel system size in Leominster is around 4.5 kilowatts, meaning a cost of about $9,220 for a solar installation, or $13,185 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you want, your solar contractor and more. With average savings of about $23,000 on utility bills over 20 years, many homeowners in Leominster find going solar has a decent ROI.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Leominster
| Year | Return on Investment |
|---|---|
| 1 years | $-7,446 |
| 3 years | $-3,908 |
| 5 years | $-370 |
| 7 years | $3,168 |
| 9 years | $6,705 |
| 11 years | $10,243 |
| 13 years | $13,781 |
| 15 years | $17,319 |
| 17 years | $20,857 |
| 19 years | $24,395 |
| 21 years | $27,933 |
| 23 years | $31,471 |
| 25 years | $35,009 |
Top Solar Installers in Leominster
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. The expertise that solar installers offer can be useful as well, especially if you don't quite know what kind of solar equipment you need.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Leominster
Factors that Affect Solar Panel Costs in Leominster
While the average cost of a solar system in Leominster is $9,220, your actual cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Leominster average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Leominster homeowners opt to finance their solar panel systems to make paying for solar more affordable. Although solar loans make going solar more accessible for Leominster homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Leominster, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.06 | $12,842 | $23,334 | 8.9 years |
| 8 kW | $3.00 | $16,793 | $31,441 | 8.7 years |
| 10 kW | $2.94 | $20,580 | $39,712 | 8.5 years |
| 12 kW | $2.88 | $24,202 | $48,149 | 8.4 years |
| 14 kW | $2.82 | $27,660 | $56,750 | 8.2 years |
| 16 kW | $2.76 | $30,952 | $65,516 | 8.0 years |
| 18 kW | $2.70 | $34,080 | $74,446 | 7.9 years |
| 20 kW | $2.65 | $37,044 | $83,541 | 7.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Leominster, MA Solar Cost FAQs
How much does it cost to install solar panels in Leominster?
The average cost of solar panels in Leominster is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Leominster?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.